05-13-2008 Regular School Board Meeting
Agenda Item #16


Title
Budget Amendment #6 for the Operating Fund, 2007-08

Discussion

Changes in projected revenue (1-2) which have occurred since the last amendment are as follows.  All changes with the execption of Miscellaneous Local were as a result of the Revised 3rd FEFP Calculation, dated March 9, 2008.

FEFP                                                   -$ 4,806,796

CLASS SIZE REDUCTION               -$    983,649

TRANSPORTATION                          $    342,607

MISCELLANEOUS LOCAL               $   285,318

Appropriations, however, have increased or decreased based on budget adjustments done by individual schools and departments.  The remaining 10% department-level budget cuts are included. This budget amendment also reflects the rebudgetizing process which captured new salary and benefit levels for all employees within the district.



Recommendation
Approve resolution #6 to amend the Operating Budget as of March 31, 2008.

Meeting Date(s)
Consent w/o Information - 5/13/2008

Authority for Action
229.053(1), 237.02 FS

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Agenda Item will not Require the Expenditure of Funds

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Contact
Karen Strickland, ext 610


Attachment:  Budget Amendment #6, 2007-08.pdf